✨ Financial Statements
5318 NEW ZEALAND GAZETTE, No. 184 28 NOVEMBER 2011
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
4. Operating expenses
| | LINES BUSINESS |
| :--- | :---: | :---: |
| | 2011 | 2010 |
| | $M | $M |
| Transmission charges | - | - |
| Transfer payments to "other Transpower businesses" | | |
| Transmission asset maintenance: | - | - |
| Disconnection/reconnection services | - | - |
| Metering data | 2.7 | 2.3 |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Avoided transmission charges on account of own generation | - | - |
| Other - IT support | 10.2 | 9.3 |
| Other - insurance | - | - |
| Total | 12.9 | 11.6 |
| | | |
| Expenses to entities that are not related parties for: | | |
| Transmission asset maintenance: | 133.6 | 121.2 |
| Disconnection/reconnection services | - | - |
| Information technology costs including lease costs | 23.9 | 22.8 |
| Metering data | - | - |
| Consumer-based load control services | - | - |
| Royalty and patent expenses | - | - |
| Total | 157.5 | 144.0 |
| | | |
| Employee salaries and redundancies | 40.0 | 37.1 |
| Consumer billing and information system expense | - | - |
| Corporate and administration expenses | 13.5 | 13.4 |
| Human resource expenses | 6.2 | 5.8 |
| Marketing / advertising expenses | 0.3 | 0.4 |
| Merger and acquisition expenses | - | - |
| Takeover defence expenses | - | - |
| Research and development expenses | - | - |
| Legal and consultancy expenses | 13.0 | 9.3 |
| Study grants and donations | 1.7 | 1.3 |
| Directors' fees | 0.5 | 0.5 |
| Total | 75.2 | 67.8 |
| | | |
| Audit fees | | |
| Audit fees paid to principal auditors | 0.3 | 0.3 |
| Audit fees paid to other auditors | - | - |
| Fees paid for other services provided by principal and other auditors | 0.3 | 0.2 |
| Total | 0.6 | 0.5 |
| | | |
| Cost of offering credit | | |
| Bad debts written off | - | - |
| Increase in estimated doubtful debts | - | - |
| Total | - | - |
| | | |
| Local authority rates expense | 3.4 | 3.1 |
| AC loss-rental rebates (distributed to retailers/customers) expense | - | - |
| Rebates to consumers due to ownership interests | - | - |
| HVDC share of reserves | 4.7 | 7.2 |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Other expenses not listed - Industry related expenses | 7.0 | 8.5 |
| | | |
| Total operating expenses | 261.3 | 242.7 |
| | | |
| Depreciation, amortisation and write-offs | | |
| Depreciation of system assets | 136.8 | 119.8 |
| Depreciation of other assets | 9.1 | 6.8 |
| Total depreciation expense | 145.9 | 126.6 |
| Amortisation of intangibles | 9.0 | 7.0 |
| Other expenses not listed - Stock and asset write-offs | 12.5 | 5.4 |
| Total depreciation, amortisation and write-offs | 167.4 | 139.0 |
| | | |
| Operating expenses including asset write-offs, depreciation and amortisation | 428.7 | 381.7 |
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NZ Gazette 2011, No 184
✨ LLM interpretation of page content
💰
Operating Expenses for Transpower New Zealand Limited
(continued from previous page)
💰 Finance & RevenueOperating Expenses, Financial Statements, Transpower, Lines Business